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MEI Online: Commodities: Metallic Ores: Titanium: Latest News: May 17th 2004

 
    
:: Titanium Corp Begins Testing Recovery Technology  

Toronto-listed Titanium Corp plans to begin testing its recently constructed heavy-minerals recovery pilot plant by the end of this month.

The company began construction of the C$5 million plant, at the facilities of the Saskatchewan Research Council in Regina, at the beginning of this year, with the aim of investigating the potential for recovering titanium-bearing minerals from the tailings of Syncrude Canada Ltd's oil-sands operations in northern Alberta.

Speaking to Mining Journal in London this week, chief executive George Elliott said the purpose of the plant is to "confirm the processing technology and to provide an accurate determination of the likely commercial cost of production".

The plant will operate initially at a rate of 5 t/h, drawing upon a 3,000 t tailings stockpile that has been transported to the site from Syncrude's Alberta operation.

If all goes well, Mr Elliott said the company plans to build a 300,000-500,000 t/y commercial wet-plant at the Syncrude site, with commissioning anticipated by early 2008, in addition to an off-site dry-plant. The capital cost of such a project would amount to about US$1 80-200 million, most of which Titanium Corp would seek to fund with debt.


   

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